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Tag Archives: taxes

Lira University secretary liable for not remitting taxes

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee have resolved to hold the University Secretary of Lira University liable for failure to remit over shillings 30 million in taxes. Augustine Oyang-Atubo–accounting officer on Tuesday appeared before the committee with a team of officials from the …

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Kasaija slaps tax on imported agricultural products

  Kampala, Uganda | THE INDEPENDENT | The government has slapped taxes on imported agricultural products. In the 2020/21 budget, Matia Kasaija, the Minister of Finance said he seeks to promote import substitution and develop local industries. He said the government has increased import duties on goods that are produced …

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BUDGET: Museveni unhappy with low tax collections

  Budget 2021 summary ✳ Resource envelope Sh45.5 trillion ✳ Revenue Sh21.8 trillion ✳ Uganda GDP Sh138 trillion ✳ Uganda GDP rate +3.1% ✳ Electricity output 1254MW ✳ Paved roads 5600km ✳ National IT backbone, 49 districts ✳ Internet bandwidth $70/Mbps ✳ UDB sh1 trillion injection ✳ Domestic arrears pay 673bn …

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Experts welcome tax waiver on agricultural inputs

Kampala, Uganda | THE INDEPENDENT | The move by the government to waive taxes on most agriculture products has been welcomed as a positive step. Finance Minister Matia Kasaija is expected to announce the removal of the 18 percent value-added tax (VAT) on all the tools used in the garden …

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Gov’t revenues fall short by UGX 789 Bn in April – Report

Kampala, Uganda | THE INDEPENDENT | Government revenues – taxes, grants and non-tax revenues – suffered the hardest beating in April falling below target by a whopping 789.8 billion Shillings, the clearest indicator of how the coronavirus has battered the Ugandan economy. According to the Ministry of Finance Performance of the …

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Gov’t to allow companies delay payment of taxes

Kampala, Uganda | THE INDEPENDENT | Some companies will be allowed to delay payment of taxes like Pay As You Earn and corporation taxes to remain in operation. Medical items required in the fight against the virus including masks, protective goggles, body bags and sanitizers, infra-red thermometers and motorized fumigation pumps …

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CSOs want list of companies exempted from taxation published

Kampala, Uganda  | THE INDEPENDENT | Civil society Organisations (CSOs) are asking government to publish a list of all companies that are exempted from taxes. During a press conference held on Sunday, Julius Mukunda, the Executive Director of the Civil Society Budget Advocacy Group (CSBAG) said the failure by Uganda Revenue …

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Tax collection drops further in November

Kampala, Uganda | THE INDEPENDENT | Government taxes took yet another hit in November as Uganda Revenue Authority (URA) collected less than the target at the time when there is decry over consistent poor tax performance. A Ministry of Finance November 2019 report on the performance of the economy shows …

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